We are about to exchange contracts for a semi detached house in Herne Hill. We encountered a stumbling block. The mortgage offer with Leeds Building Society runs out on 17/3/2020 but the owners are suggesting a completion date of 19/3/2020. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your concern is your conveyancer who should assess if they better off negotiating with the bank, seller’s solicitors, estate agents or indeed all three taking into account what has happend in your house move to date.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Herne Hill. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/1/2020, the requirements read as follows :
Are there restrictive covenants that are commonly picked up during conveyancing in Herne Hill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Herne Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Herne Hill is where the house is located. Can you shed any light on this issue?
Flying freeholds in Herne Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Herne Hill you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Herne Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I need to appoint a conveyancing solicitor for some conveyancing in Herne Hill. I've discover a web site which looks to be the perfect solution If there is a chance to get all formalities done via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I today plan to offer on a house that appears to meet my requirements, at a great figure which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Herne Hill. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
Most houses in Herne Hill are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Herne Hill so you should seriously consider shopping around for a Herne Hill conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your solicitor should advise you fully on all the issues.
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Herne Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Herne Hill conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Herne Hill property is 66 Southwell Road in March 2012. By Order of Deputy District Judge Stone dated 25 January 2012 a vesting order was made. The determination of the purchase price was referred to the Tribunal who decided that the amount payable for the freehold should be£29,612.00 This case affected 3 flats. The unexpired lease term was 72.58 years.